Market Research Blog – Page 10494 – New Product Development

Integrated 3D Radar Market to be Worth US$ 55.0 Bn by 2032 | CAGR of 12.7%

Integrated 3D Radar Market is an estimated CAGR of 12.7% during the projected period, the integrated 3D radar market share is expected to reach US$ 55 billion by 2032, finds a recent report published by FMI. The study finds that the rising demand for reflects the adoption of integrated 3D radar.

Sales of integrated 3D radar are expected to rise significantly. In addition to this, sales of integrated 3D radar are rising on account of US$ 27.9 Bn by 2026. Increasing sales of integrated 3D radar are also projected to contribute to the growth of the integrated 3D radar market share.

Integrated 3D radar technology is used to monitor and detect views and information, and they are an important element of any defence arsenal. Even under adverse weather situations, integrated 3D radars give more precise location and height parameters and are progressively replacing standard 2D radars.

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The market for Unmanned Aircraft Vehicles (UAVs) has grown in tandem with the sales of integrated 3D radar. The emergence of network-centric warfare and electronic warfare techniques by defence organisations as a result of the growing need for intelligence, surveillance, and other capabilities, as well as geopolitical instabilities in the Middle East, is expected to boost the global integrated 3D radar market.

Manufacturers in the integrated 3D radar market get a big platform from which to serve the whole demand for integrated 3D radar. The worldwide sales of integrated 3D radar are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for integrated 3D radar more accessible to customers.

Key Takeaways:

Increased R&D activities in the field of military simulation and rising defence expenditure in emerging economies are opportunities for the integrated 3D radar market, as total world military expenditure rose to around US$ 1739 billion in 2017, primarily due to increased spending by many countries such as China, India, Saudi Arabia, and others.
In addition, firms like Vayyar Imaging have created new evaluation kits that make it easier to design, integrate, and scale integrated 3D radar image sensing for better application.
Because of the high production of combat technologies and the monitoring of meteorological conditions in this region, which is prone to natural disasters like cyclones, floods, and hurricanes, the United States offers a strong potential demand for integrated 3D radar.
In Europe, there has been significant market growth, owing to increased government activities to deploy technologically advanced surveillance systems and some European governments encouraging the implementation of innovative radar systems in cars to assist drivers in better localization of nearby objects, thus contributing to the European Union’s goal of reducing road fatalities.
The rising aerospace sector, surveillance of global threats, and the advent of nuclear weapons having governments in this area have forced the acceptance or deployment of additional integrated 3D radar at a quick rate in emerging economies such as China, India, Malaysia, and others.

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Competitive Landscape

Northrop Grumman Corporation, Indra Sistemas, Raytheon Company, Thales Group, BAE Systems PLC, Airbus Defence and Space, Honeywell International Inc., SAAB Group, ASELSAN AS, Rheinmetall AG, ELTA Systems Ltd., and others are among the prominent competitors participating in the integrated 3D radar Market.

Thales finalised the acquisition of Aveillant in November 2017. Customers will be able to benefit from a new capability that complements the company’s new radar surveillance product as a result of this purchase.
Raytheon Company was awarded a foreign military sales (FMS) contract by the US Air Force in January 2018 to run the surveillance radar programme. The transaction was for USD 333.4 million.

Key Segments:

By Component

Hardware
Software
Services
Consulting
Installation & Integration
Maintenance

By Frequency Band

HF-UND VHF-RADAR
C-Band (UHF-Radar)
D-Band (L-Band Radar)
E/F-Band (S-Band Radar)

By Industry

Automotive & Public Infrastructure
Energy and Utilities
Government

By Platform

Airborne
Ground
Navel

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By Region

United States
United Kingdom
China
Japan
India

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Cell Regeneration Medicine Market to be valued at US$ 34.3 Bn by the end of 2022 | FMI Research

Cell Regeneration Medicine Market Snapshot (2022-2032)

[250 Pages Report] According to Future Market Insights’ newly released Cell Regeneration Medicine Market analysis report, the global market valuation stands at US$ 30.3 Bn in 2021 and is expected to be valued at US$ 34.3 Bn by the end of 2022. The market is expected to rise significantly at a CAGR of 14.4% and the global valuation is expected to be US$ 130.8 Bn by the end of 2032. During the forecasted period (2022-2032), the global market is anticipated to offer an absolute dollar opportunity of US$ 96.5 Bn.

The Therapeutics segment is predicted to be the top product segment in the Cell Regeneration Medicine Market with an expected CAGR of 16.5% for the period between 2022 and 2032. This is significantly higher from the historical CAGR of 14.1% owing to higher adoption of primary cell-based therapies in clinical application and their increased usage in different therapeutic indications.

Furthermore, Cell Regeneration Medicine garners highest revenue through the Oncology segment, which accounts for over a quarter share. The market revenue through Oncology segment is expected to experience the CAGR of 13.1% in the therapeutic category as compared to its historical average of 11.4%. The category is expected to rise due to high cancer prevalence, increasing investments in cancer research, development of advanced cell therapies and initiatives to reduce cancer burden.

Revenue of Cell Regeneration Medicine Market from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the publications released by Future Market Insights – market research and competitive intelligence provider, on Cell Regeneration Medicine Market, the market is currently valued at US$ 30.3 Bn in 2021 and is expected to rise at a CAGR of 14.4% during the period between 2022 and 2032. This growth has been significantly higher than the historical growth of 12.4%. The market is expected to offer an absolute dollar opportunity of US$ 96.5 Bn between 2022 and 2032. By the end of 2032, the global market for Cell Regeneration Medicine is likely to hit the valuation of US$ 130.8 Bn.

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The market valuation is projected to grow at a significant CAGR of 14.4% as compared to historical CAGR of 12.4% owing to factors such as introduction of gene therapy, advancements in stem cell and tissue engineering, ongoing funding in R&D by government and commercial entities and continuous regulatory approvals for advanced therapeutic medical products.

The Cell Regeneration Medicine Market was valued at US$ 30.3 Bn in 2021 and is expected to reach the valuation of US$ 34.3 Bn by the end of 2022.
During 2017-2021, the demand Cell Regeneration Medicine demand grew at a CAGR of 12.4%.
By the end of 2032, the global market will reach a valuation of US$ 130.8 Bn by growing at a CAGR of 14.4% between 2022 and 2032.
Cell Regeneration Medicine market is projected to grow by 3.8X during the period between 2022 and 2032.
The Therapeutics segment dominates the global market for Cell Regeneration Medicines and is expected to remain a dominant segment with a CAGR of 16.5% during the period between 2022 and 2032.
The Oncology segment is expected to be the largest revenue grosser throughout the analysis period which is expected to grow at a CAGR of 13.1% during the forecast period.
The U.S. market dominates the global market for the Cell Regeneration Medicines with nearly 40% share and is expected to increase at a CAGR of 14.2% during the forecast period.

What Factors are driving the Growth of Cell Regeneration Medicine Market?

Global Cell Regeneration Medicine Market is likely to be driven by the introduction of gene therapy, advancements in stems cells and growth in tissue engineering. Furthermore, various projects like T-Cell therapy, which comes under the manufacturing industry of cell therapy regenerative medicine are being undertaken by any businesses in cooperation with other businesses or research institutions. Furthermore, the government regulatory approvals has led to increase in the market growth.

The global pandemic has provided the global players with various chances to bring medicinal solution to fight against SARS-COV-2. Along with various initiatives, the ongoing investments by government and private sector agencies in R&D has accelerated the industry’s advancement. Companies are collaborating to expand their R&D skills to develop and sell innovative therapies to secure a position in a competitive global market.

Researchers’ perspectives on Cell Regeneration Medicine have been transformed by technological developments like Nanotechnology, 3D bioprinting techniques and AI in stem cell-based therapeutics. These developments are making dermatological grafting operations like persistent burns, bone abnormalities and skin wounds more efficient. The market is being driven by the rising frequency of chronic medical conditions and genetic abnormalities such as congestive heart failure, myocardial infarction, Parkinson’s disease and various kinds of bone losses. In addition, the growing elderly population suffering from musculoskeletal, oncological and cardiological problems is driving market expansion.

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What Factors are restraining the Growth of Global Cell Regeneration Medicine Market?

The sales of Cell Regeneration Medicine is likely to be affected by the high cost of therapies. This high cost of treatment acts as a barrier in entering the new market. People in emerging economies are unable to finance organ transplantation due to socioeconomic constraints. Organ trafficking is a serious crime that is in prevalence due to a scarcity of organs.

The developing countries pose to be a potential market with rising rates of chronic diseases, hereditary diseases, rising geriatric population and higher demanding regions for organs and biomaterials. But with little awareness of Cell Regeneration Medicine, these potential markets are difficult to capture. The gene correction treatment involves nucleases that have been modified to successfully change the human genome. However, the use of gene correction treatment is limited due to some unintended consequences, such as cell manipulation, which has impacted the efficacy of cell formation and proliferation. However, with sufficient capital and financing, R&D is proceeding toward the cost-effective commercialization of such complex medical operations.

Country-wise Analysis

Which Country is the Driving Force for the growth of the Global Cell Regeneration Medicines Market?

In 2021, the United States Accounted for nearly 2/5th share of the global market for Cell Regeneration Medicines. The U.S. market growth is significantly higher from its historical average growth of 11.9%. Between 2022 and 2032, the market is estimated to witness an absolute dollar opportunity of US$ 36.6 Bn.

The presence of significant players in the United States, the availability of modern technologies and increasing financing of research institutes involved in the creation of innovative treatments can all be attributed to this expansion. In addition, the United States has the biggest revenue flow due to a large number of clinical trials, the availability of financing, and various government and private-sector efforts. For example, the US Department of Health and Human Services launched a campaign to place Cell Regeneration Medicine at the forefront of healthcare.

Which Country is expected to grow rapidly in the Global Cell Regeneration Medicines Market?

According to Future Market Insights data, the market in China is anticipated to grow at the fastest rate of 18.2% between 2022 and 2032. The projected CAGR of the U.S. is significantly higher than the historical CAGR of 13.7%. In the next ten years, the Chinese market is estimated to offer an absolute dollar opportunity of US$ 14.8 Bn to reach a valuation of US$ 17.8 Bn.

The rising CAGR of the Chinese market for Cell Regeneration Medicines is attributed to the rapid expansion of healthcare infrastructure and research institutes to accelerate stem cell research in a rapidly developing market. With rising government approvals for research projects involving human embryonic stem cells, scientists are encouraged to investigate the cells’ clinical potential. Additionally, the rising prevalence of cardiovascular and musculoskeletal illnesses is driving this trend. Furthermore, the market is likely to be explored by global players targeting the untapped segments of the market.

Category-wise Insights

Which Product Type is gaining the Utmost Traction in Cell Regeneration Medicine Market?

The Therapeutics segment is the largest revenue generating segment in the Global Cell Regeneration Medicine Market, growing at a CAGR of 17.8% during the period between 2022 and 2032.

Despite source diversification, this category is anticipated to maintain its leadership position in the marketplace throughout the projected period. Primary cell-based therapies are the most developed medications available from the medical sector, as they are suitable for use in both clinical applications and approved in different areas. In addition, the stem cell & progenitor cell-based therapies market is predicted to grow significantly over the forecast years, owing to increased investments in stem cell research and regulatory policy revisions.

Which Therapeutic Category is expected to drive the Growth of Global Cell Regeneration Medicines Market?

Oncology therapeutic category is expected to lead the market with the highest share in global market for Cell Regeneration Medicines. It is forecasted to grow at a CAGR of 13.1% during the period.

This can be attributable to high cancer prevalence globally and the development of efficient cancer treatment options. Furthermore, huge investments by government organizations and private companies to finance cancer research is aiding the growth.

Competitive Analysis

A number of companies invested in the development of cell regenerative medicine to meet demand for clinical needs without resorting to more-invasive procedures. The market is extremely competitive, and players are making joint efforts for product development.

Some of the prominent Cell Regeneration Medicine manufacturers are AstraZeneca plc, Astellas Pharma, Inc., F. Hoffmann-La Roche Ltd., Integra Lifesciences Corp., Cook Biotech, Inc., Bayer AG, Pfizer, Inc., Merck KGaA, Abbott, Vericel Corp., Novartis AG, GlaxoSmithKline (GSK), Baxter International, Inc., Takara Bio, Inc.

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The recent developments in the Global Cell Regeneration Medicine Market are:

In January 2022, AstraZeneca collaborated with Neurimmune AG and signed the licence agreement for the development of NI006, an antibody to treat patients with advanced ATTR-CM.
In October 2021, FDA approved the REGEN-COV on a priority basis for the treatment of Covid 19.

Cell Regeneration Medicine Market Report Scope

Details

Forecast Period

2022-2032

Historical Data

2017-2021

Quantitative Units

In US$ Mn

Key Regions Covered

North America, Latin America, Europe, APAC and MEA

Key Countries Covered

United States, China, Japan, South Korea, U.K., Canada, Brazil, Mexico, Germany, France, Spain, Italy, Russia, India, Australia, South Africa, Saudi Arabia, UAE, Israel

Key Market Segments Covered

Product Type, Therapeutic Category and Region

Market Segments Covered in Cell Regeneration Medicine Market Analysis

By Product Type:

Therapeutics
- Primary Cell-based Therapeutics
- Stem Cell & Progenitor Cell-based Therapeutics
- Cell-based Immunotherapies
- Gene Therapies
Tools
Banks
Services

By Therapeutic Category:

Dermatology
Musculoskeletal
Immunology & Inflammation
Oncology
Cardiovascular
Ophthalmology
Other Therapeutic Categories

By Region:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Others
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Others
APAC
- India
- China
- Japan
- South Korea
- Australia
- Others
MEA
- South Africa
- Saudi Arabia
- UAE
- Israel
- Others

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Dental Floss Market Size to Witness an Uptick Size US$ 626.41 Million by the end of 2032 | CAGR of 8% – By FMI

Dental Floss Market Snapshot (2022-2032)

[300 Pages Report] The global dental floss market is expected to garner a market value of US$ 626.41 Million in 2022 and is expected to register a CAGR of 8% for the forecast period 2022-2032 by accumulating a market value of US$ 1.35 Billion in 2032. Growth of the market can be attributed to the increasing awareness regarding dental hygiene and oral health.

Dental floss is an essential part of maintaining healthy teeth. Dental floss is used to remove plaque, all food particles, and films of bacteria that get stuck between teeth and are impossible to remove from the toothbrush. It is accessible in ribbon or string form, which can be waxed or un-waxed.

Dental floss is available in several flavors to attract children to flossing. Dental floss is available in flavors such as mint, cinnamon, bubble gum, and plain. Nowadays, disposable floss is gaining traction among young children who may be less able to clean floss. Increasing interest among people to adopt preventive healthcare measures is expected to drive the demand for dental floss.

Moreover, increasing adoption of oral care products is expected to favor the growth of the dental floss market. Furthermore, various organizations such as the American Dental Association recommend the use of dental flossing minimum once a day to get rid of plaque.

Which are Some Prominent Drivers of Dental Floss Market?

An increase in spending on dental and oral products to avoid dental surgeries will drive the growth of the dental floss market. Increasing interest in preventive health care across the world will increase the demand for dental care products such as dental floss.

Growing disposable income and healthcare expenditure favours the growth of the dental floss market. The increasing demand for dental care products to prevent dental diseases such as periodontal disease, dental plaque, and oral infection is driving the growth of the market. Moreover, increasing adoption of new treatment and care options impels the growth of the dental floss market. Availability of new preventive dental care products is another major factor expected to propel the growth of the dental floss market.

Increasing dentist recommendations to include flossing in daily routine propel the growth of the dental floss market over the forecast period. Moreover, dental care regulatory organizations such as the European Federation of Periodontology, American Dental Association, and the National Health Service recommended the use of dental floss in health policies.

Furthermore, high awareness regarding dental care and the availability of flavored dental floss drives the growth of the dental floss market in near future. Increasing sales of dental floss by e-commerce channels is another major trend in the dental floss market.

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What are the Challenges Faced by the Dental Floss Market?

Dental floss is neither sustainable nor environmentally friendly. Thus, the use of dental floss is adding to the waste of the planet. As dental flosses can be used only once, they are creating a huge problem in getting recycled. The material used for dental floss is not easily recyclable. All these factors are hindering the overall growth of the dental floss market in the longer run.

Cavity Problems Augmenting Growth of Dental Floss Market in North America?

Increasing awareness of oral hygiene in U.S. is contributing to the growth of the market. The high presence of cavity problems in the country are pushing people to invest in dental treatments. This, in turn, is increasing the demand for dental floss. The growing cases of gum diseases along with toothache problems is positively influencing the market for dental floss. Thus, North America is expected to dominate the market for dental floss by registering a CAGR of 7% in the assessment period 2022-2032.

Dental Health Awareness Contributing to the Growth of Dental Floss in Asia Pacific?

Advancements in dental treatments and rising importance of oral hygiene especially in India is boosting the demand for dental health. In addition, awareness regarding dental health from the health care sector along with the ill effects of unhealthy gums is increasing the sales of dental floss. Furthermore, changing lifestyles, increasing healthcare spending and dental care awareness are key factors bolstering the demand for dental floss. Thus, Asia Pacific is expected to hold a market share of more than 35% for dental floss market in the forecast period 2022-2032.

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Market Competition
Some key market players in global dental floss market are Procter & Gamble Company, Colgate-Palmolive, Johnson & Johnson, Sunstar Suisse SA, Prestige Consumer (DenTek Oral Care Inc.), DR. Fresh Inc., Lion Corporation (Japan), Church & Dwight Co., Inc., Shantou Oral Health Co. Ltd. and others. Attributed to the presence of such high number of participants, the market is highly competitive in nature

Report Scope

Growth Rate

CAGR of 8% from 2022 to 2032

Market Value in 2022

US$ 626.41 Million

Market Value in 2032

US$ 1.35 Billion

Base Year for Estimation

2021

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

Product Type
End User
Region

Regions Covered

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Key Countries Profiled

U.S
Canada
Brazil
Mexico
Germany
U.K
France
Spain
Italy
Nordics
BENELUX
Australia & New Zealand
China
India
ASEAN
GCC
South Africa

Key Companies Profiled
Procter & Gamble Company
Colgate-Palmolive
Johnson & Johnson
Sunstar Suisse SA
Prestige Consumer (DenTek Oral Care Inc.)
DR. Fresh Inc.
Lion Corporation (Japan)
Church & Dwight Co., Inc.
Shantou Oral Health Co. Ltd

Key Segments Profiled in the Dental Floss Industry Survey

Dental Floss Market by Product Type:

Waxed Dental Floss
Unwaxed Dental Floss
Other Dental Floss Product Types

Dental Floss Market by End User:

Dental Floss across Hospitals
Dental Floss across Dental Clinics
Dental Floss across Home Care Settings

Dental Floss Market by Region:

North America Dental Floss Market
Latin America Dental Floss Market
Europe Dental Floss Market
Asia Pacific Dental Floss Market
Middle East & Africa Dental Floss Market

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Hernia Mesh Devices Market Size to Witness an Uptick Size US$ 6.5 Bn by the end of 2032 | CAGR of 3.4% – By FMI

[250 Pages Report] The Hernia Mesh Devices Market was valued at around US$ 4.5 Bn in 2021. With a projected CAGR of 3.4% for the next ten years, the market is likely to reach a valuation of nearly US$ 6.5 Bn during 2022 – 2032. While there has been a noticeable growth in the hernia incidences worldwide, the manufacturers of hernia mesh devices are also making investments toward making the product cost-effective.

Future Market Insights’ analysis reveals that in 2022 revenue through hernia mesh devices is estimated at US$ 4.6 Bn. Over the year, the use of mesh devices has become more mainstream in hernia surgeries. Owing to certain litigations against failed surgeries on hernia mesh implantations, there have been some concerns in the past; however, the manufacturers are adopting manufacturing changes in order to reduce the chances of such failures.

Sales Analysis of Hernia Mesh Devices from 2015 to 2021 Vs Market Outlook for 2022 to 2032

Global market for Hernia Mesh Devices expanded at a CAGR of 2.8% over the last six years (2015-2021). According to FDA, around 46% of the aged population has been observed to be the most active users of Hernia mesh devices. Nevertheless, buyers from other age groups will soon start purchasing them to make the demand more mainstream.

The global Hernia Mesh Devices Market is predicted to surge ahead at a CAGR of 3.4%. The United States will continue to be the largest consumer of Hernia Mesh Devices throughout the analysis period accounting for over US$ 553.8 Mn absolute dollar opportunity in the coming 10-year period.

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How did Hernia Mesh Devices Market Perform during Covid-19?

The effect of Covid-19 on the Hernia Mesh Devices market was mainly disruption in the supply chain as it hampered the production process. The supply of synthetic mesh, which is also used in cut-proof gloves for post-mortem, saw a significant spurt due to an increase in fatalities due to Covid-19. This slashed the supply of synthetic mesh for hernia mesh device manufacturing. During the pandemic, nearly 60 thousand inguinal hernia repairs were identified, which constitutes a 21% decrease from 2022 sales.

What are the Key Factors Driving the Global Market of Hernia Mesh Devices?

According to a research published in the United Kingdom, the prevalence of hernias rises with age. The prevalence of hernia was found to be 5%, 10%, 18%, 24%, 31%, and 45% among the age groups of 25 – 34 years, 35 – 44 years, 45 – 54 years, 55 – 64 years, 65 – 74 years and 75 years and above, respectively.

The advancements such as self-fixating meshes and articulating fixation are achieved to overcome the issues, which makes it a key factor for the growth in the adoption of hernia mesh devices. The cost of raw material for hernia mesh though subjected to market volatility has never crossed US$ 1,500 in any year providing a necessary profit margin to the manufacturer of hernia mesh devices.

How can 3-D Printed Biological Mesh Transform the Hernia Mesh Devices Market?

Over 20 Mn hernia operations take place worldwide annually. Non-degradable hernia surgical mesh implants are characterized by poor healing response, and in vivo erosion which leads to over 10% failure rate and an estimated 42% of recurrent hernias. In 2021, the average global price of polypropylene was US$ 1,285 per ton as compared to 2020, while prices have increased roughly by 36% between these years. This increase in the price of raw materials for making synthetic mesh adversely affected the market revenue of polypropylene hernia mesh devices.

The 3-D printed biological mesh minimized post-surgical complications of hernia repair and its raw material such as human or porcine dermis is widely available and hence not subjected to market volatility effectively making their price constant. The manufacturing of biological mesh is highly reproducible and scalable and it can be modified depending on the patient’s background. The cost-utility of a biological mesh device with a 3-D printing technique for the treatment of hernia is not cost-effective for the hospital or surgeons who pay the retail price of the product but it is cost-effective from a third-party payer perspective like medical reimbursement by the government interventions. The cost of 3D printed biological mesh will be US$ 1,813 which is cost-effective regardless of size, furthermore making it significantly lower than the current retail cost of synthetic mesh.

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Region-Wise Insights

Why does North America have a growing Hernia Mesh Market?

North America is anticipated to grow at 3.4% CAGR during the forecast period 2022 to 2032. In North America, the reimbursement policy for hernia mesh is favorable to the patients, which encourages them to choose laparoscopic surgery. Patients have simple access to detailed payment codes and ratios that governments and industry players make public. In addition, technical improvements and the introduction and acceptance of new products, such as TELA Bio, are boosting the market forward.

Country-wise Insights

How does the United States continue to be the Nucleus of the Global Hernia Mesh Devices Market?

The United States will account for over 34% of the global Hernia Mesh Devices Market by the year 2032, representing it as a fertile ground for hernia mesh device manufacturers, especially synthetic mesh devices. Hernia Mesh Devices Market will grow a US$ 2.9% CAGR between 2022 and 2032 for the United States. The global annual death rate of hernia per 100 thousand individuals is 0.5, according to Health Grove. According to statistics by FDA, more than 1 Mn hernia procedures happen annually in the United States out of which, about 800 thousand procedures are of the inguinal type, making it one of the largest market for Hernia Mesh Devices.

How is China Gearing Up to Become the Next Hotspot for Hernia Mesh Devices?

Hernia mesh devices revenue in China is expected to witness an absolute dollar opportunity of US$ 97.5 Mn during 2022 – 2032. With a projected CAGR of 2.6%, China will become a US$ 431.1 Mn Hernia Mesh Devices Market by the end of 2032.

It was observed that the number of tension-free hernia repair operations in China reached 1 Mn in 2015 with an increase of 20%−30% in such operations each year. In particular, an inguinal hernia is more prominent with a male-to-female ratio of 8.2 to 1. According to China’s Hernia Registry, adult inguinal hernia also accounts for the largest proportion of 83.3%. A report by medical service information, 2018, the cost of a single case of inguinal hernia was US$ 922.6, indicating that cost control in county-wide hospitals was good, further creating a robust demand for hernia mesh devices in China.

Category-wise Insights

Why does Revenue through Inguinal Hernia Mesh Stands Highest?

Inguinal hernia constitutes the most revenue from sales of hernia mesh devices. Inguinal hernias account for over 80% of all hernias. It is also 10X more common in men than in women, thus necessitating the need for correction. Hernia repair for primary and incisional hernias is the most common abdominal surgery performed all around the globe, according to the International Journal of Abdominal Wall and Hernia Surgery. Men have a 27-43% and women have a 3-6% lifetime risk of developing an inguinal hernia. It is expected to trigger the growth of hernia repair market.

Patient feasibility due to tension-free procedures and post-operative complications involved in classic surgical techniques are also contributing to the demand for Inguinal Hernia Mesh. In addition, the recurrence rate for inguinal hernia is 1-3%, which further imparts strain on the hernia mesh devices revenue.

Which Hernia Mesh Type accounts for Highest Revenue in the Hernia Mesh Devices Market?

A procedure of synthetic mesh for hernia repair surgery which ranges from US$ 4,200 to US$ 12,500 has hurt the capitalization of the Hernia Mesh Devices Market. Synthetic Mesh is used in around 90% of hernia surgeries according to FDA. In the Asia Pacific where 99% of Hernia surgery is performed with Synthetic Mesh, there is a significant growth opportunity for biological mesh for based hernia repair devices.

On the other hand, the biological mesh has yet to reach the majority of the consumers as it is still in the research process hence it captures only around 1% of the global Hernia Mesh Devices market.

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Competitive Landscape

Most of the leading players in hernia mesh devices market have been focusing on obtaining approvals from regulatory authorities. The key companies operating in the Hernia Mesh Devices market include Medtronic plc, Ethicon, and W. L. Gore and Associates, Inc., Atrium Medical Technologies, B. Braun Melsungen AG, PRIMEQUAL SA, Becton, Dickinson, and Company, Deep Blue Medical Inc., Dipromed Srl, BioCer Entwicklungs-GmbH, Betatech Medical, Sinolinks Medical Innovation, Inc, Aspide Medical S.A.S., Meril Life Sciences Pvt. Ltd., Herniamesh Srl., Changzhou Medical Equipment General Factory Co., Ltd, Gem Srl, SAMYANG HOLDING CORPORATION, Katsan Katgut Sanayi Ve Ticaret Anonim Sirketi, Novus Scientific AB.

Some of the recent developments by key providers of the Hernia Mesh Devices market are as follows:

In Mar 2020, Novus Scientific AB received FDA approval for TIGR Matrix Surgical Mesh indicated for use in procedures involving soft tissue repairs, such as for the repair of hernias or other soft tissue-related defects.
In Jul 2020, Becton, Dickinson, and Company received FDA clearance for 3DMax MID Anatomical Mesh indicated for use in the reinforcement of soft tissue, and repair of inguinal hernias.
In Aug 2020, Deep Blue Medical Inc., secured the clearance of the U.S. FDA for commencing the sale of its new hernia mesh product. The promising sales opportunities of the product have led the company to recently announce its equity of US$ 3.4 Mn in the company by investors.

Similarly, recent developments related to companies manufacturing hernia Mesh Devices have been tracked by the team at Future Market Insights, which is available in the full report.

Hernia Mesh Devices Industry Report Scope
Forecast Period

2022-2032

Historical Data Available for

2015-2021

Market Analysis

US$ Mn for Value

Key Countries Covered

US, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE, and Israel.

Key Market Segments Covered

Mesh Type and Hernia Type

Key Companies Profiled

Medtronic plc
Ethicon
W. L. Gore and Associates, Inc
Atrium Medical Technologies
B. Braun Melsungen AG.
LifeCell Corporation
PRIMEQUAL SA
Becton, Dickinson, and Company
Deep Blue Medical Inc
Dipromed Srl
BioCer Entwicklungs-GmbH
Betatech Medical
Sinolinks Medical Innovation, Inc
Aspide Medical S.A.S.
Meril Life Sciences Pvt. Ltd
Herniamesh Srl
Changzhou Medical Equipment General Factory Co., Ltd
Gem Srl
SAMYANG HOLDING CORPORATION
Katsan Katgut Sanayi Ve Ticaret Anonim Sirketi
Novus Scientific AB

Report Coverage

Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Key Segments Covered in Hernia Mesh Devices Market Survey

Hernia Mesh Devices Market by Mesh Type:

Biological Mesh
Synthetic Mesh

Hernia Mesh Devices Market by Hernia Type:

Inguinal Hernia
Incisional Hernia
Femoral Hernia
Others

Hernia Mesh Devices Market by Region:

North America Hernia Mesh Devices Market
Latin America Hernia Mesh Devices Market
Europe Hernia Mesh Devices Market
South Asia Hernia Mesh Devices Market
East Asia Hernia Mesh Devices Market
Oceania Hernia Mesh Devices Market
Middle East & Africa Hernia Mesh Devices Market

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Heart Block Therapeutics Market Size to Witness an Uptick Size US$ 4.8 Bn by the end of 2032 | CAGR of 4.3% – By FMI

[250 Pages Report] In 2021, the Heart Block Therapeutics Market was estimated to be worth around US$ 3 Bn. With the increasing expenditure incurred on Heart Block Therapeutics worldwide, the market is expected to reach a worth of about US$ 4.8 Bn by the end of 2032, with a projected CAGR of 4.3% during 2022 – 2032. During 2015 to 2021, the Heart Block Therapeutics Market experienced a growth of 4.9%.

In recent years, one of the most rapidly increasing life threating diseases is coronary heart blockage. According to the World Health Organization (WHO), four out of five cardiovascular sickness deaths can be attributed to coronary heart attacks and strokes. Heart attack is considered to be one of the primary reasons for death across the globe.

According to the United Nations Department of Economic and Social Affairs, by 2050, the population of 60 years old and above is expected to reach 437 Mn in China, 324 Mn in India, 107 Mn in The US, and 58 Mn in Brazil. Hence, the growing older populace propels the worldwide Heart Block Therapeutics market as the older population is more prone to heart-related diseases. The World Health Organization (WHO) reported that around 524 Mn people represent the geriatric population in 2010 and by 2050, almost 2 Bn people will be geriatric.

Heart Block Treatment Devices Market is expanding with an expected CAGR of 4.3% in the next ten years. However, due to the huge costs involved in the Heart Block Therapeutics, and restrictions in the availability of advanced resources and technologies, the Heart Block Treatment Industry in various underdeveloped nations is still struggling to expand.

The developing aid infrastructure additionally as a genetic disease is also lifting the growth of heart block treatment market in the higher direction. Also, the rising prevalence of heart blockage cases additionally as increasing incidence of hypothyroidism, which frequently ends up in heart blocks is additionally one amongst the numerous factors supply growth of the Heart Block Therapeutics market.

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Region-wise Insights

Which region has the largest market for Heart Block Therapeutics market?

North America leads the demand for Heart Block Therapeutics in terms of having the largest market for the Heart Block Therapeutics Market due to the increasing cases of cardiovascular diseases in the region. Around 805 thousand people in the US have heart attacks every year. The US spends more than US$ 320 Bn annually which is 15% of their total healthcare spending to manage and treat cardiovascular diseases and cardiovascular risk factors.

Recently, the U.S. Food and Drug Administration announced the approval of Farxiga (dapagliflozin) oral tablets for adults with heart failure with reduced ejection fraction to reduce the risk of cardiovascular death and hospitalization for heart failure. Farxiga in a clinical trial showed to improve survival of heart attack patients and reduce the need for hospitalization in adults with heart failure with reduced ejection fraction.

Key Companies Profiled

Koninklijke Philips N.V.
Bristol Myers Squibb
Edward Lifesciences Corporation
St. Jude Medical
Medtronic
Natco Pharma
Boston Scientific Corporation
SORIN S.p.A
BIOTRONIK SE & Co. KG
Abbott Laboratories
Novartis AG
Pfizer Inc.
Bayer AG

Which region is expected to see the significant growth in future for Heart Block Therapeutics Market?

Asia Pacific is the most optimistic market for Heart Block Treatment due to massive population with high unmet medical needs. Around 58% of the total number of heart attack deaths occur in Asia Pacific alone.

China and India have the most promising market for Heart Block Therapeutics. Besides, there have also been significant investments from the government to several large companies in the recent years.

The PEACE MPP is a government-funded public health programme which focuses on cardiovascular disease risk in China. Health Technology firm Abbott has two training centres in China to better serve the Chinese Cardiovascular Patients. Abbott has also made investments into clinical research that will help Chinese doctors complete their projects in the cardiovascular research. The Indian healthcare system has been using advanced technology and artificial intelligence to perform heart treatments. For instance, in India Medtronic launched the Arctic Front Cardiac Cryoablation Catheter System, a cryoballoon catheter approved by the Central Drugs Standard Control Organisation (CDSCO) for the treatment of atrial fibrillation (AF) in India.?

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Country-wise Insights

Which country has the largest market for Heart Block Therapeutics?

The United States has the largest market for Heart Block Therapeutics, which is projected to reach a valuation of US$ 1.7 Bn by 2032. From 2015 to 2021, the market in the US grew at a CAGR of 4.7%. Between 2022 and 2032, the US is expected to be a market with a US$ 570.5 Mn absolute dollar opportunity for heart block treatment.

In 2015, The American Heart Association invested US$ 3.9 Bn for advanced research in Heart Block Therapeutics. The United States Centres with WHO launched the Global Hearts Initiative in September 2016, which includes the Heart technical package. The package has six modules including healthy-lifestyle counselling, evidence-based treatment protocols, access to essential medicines and technology, risk-based management, team-based care, and systems for monitoring. It provides a strategic approach to improve cardiovascular health in U.S. as well as other countries across the world.

How is China competing with the US to become one of the largest markets for the Heart Block Therapeutics?

In 2021, China was the second-largest Heart Block Therapeutics Market after the US. The market in the country is expected to reach a valuation of US$ 344 Mn by 2032. In China, coronary bypass surgery, ONCAB, OPCAB, and heart valve replacement devices are all frequently used, resulting in significant growth in the cardiology market.

Heart disease-causing variables such as hypertension, diabetes, excessive alcohol use, cholesterol, and smoking are all on the rise in the region. Guidewires, catheters, radial closure devices, micro guidewires, and stent delivery catheters are among the most extensively used cardiology products in China. The country can additionally explore the Heart Block Therapeutics industry due to favourable government rules and policies.

Category-wise Insights

Which Type of Heart Block Therapeutics is Generating Significant Revenue in the Market?

Growing incidence and prevalence rate of hypertension, high cholesterol, diabetes, smoking, obesity, unhealthy dietary plans and older population across the world, government initiatives to increase the awareness toward heart related diseases are the key driving factors in Heart Block Therapeutics Market.

Although one out of every five First Degree Heart blocks require serious medical help, treatment for First Degree Heart Blocks were the most demanded with a CAGR of 5% during 2015-2021. The market through this category is expected to remain the treatment service that will generate the most revenue for the market in the upcoming years with an expected CAGR of 4.4% by the end of 2032.

Why Pacemakers Represent Significant Revenue Potential for Heart Block Therapeutics Market?

The development of pacemakers and minimally invasive vessel treatment together are enhancing the growth of the market. Pacemakers are usually used in the treatment of second degree heart blocks and third degree heart blocks.

Globally, there are about 3 Mn people using pacemakers, and every year around 600 thousand pacemakers are implanted. Market revenue through pacemakers has witnessed a CAGR growth of 4.8% from 2015 to 2021, and the projected CAGR through this category is expected to be 4.2% by 2032.

Competitive Landscape

At present, the Heart Block Therapeutics market is moderately competitive and has numerous players. There are only a few key players which dominate the market and have a much wider geographic presence and improved research and development resources ensuing in robust regulatory approvals.

The key companies operating in the Heart Block Therapeutics Market are St. Jude Medical, Medtronic, Bristol Myers Squibb, Novartis AG, Boston Scientific Corporation, SORIN S.p.A, BIOTRONIK SE & Co. KG, Edward Lifesciences Corporation, Abbott Laboratories, Natco Pharma, Pfizer Inc., Bayer AG, Janssen Pharmaceuticals, Inc., Astra Zeneca, Sanofi, Merck & Co., Inc., Gilead Sciences, Inc., F. Hoffmann-La Roche Ltd.

Some of the recent developments by the key providers of Heart Block Therapeutics are as follows:

In April 2022, Bristol Myers Squibb announced that they have received approval from US Food and Drug Corporation for its oral heart disease drug Mavacamten which will help in treating hypertrophic cardiomyopathy, a genetic heart disease that leads to sudden cardiac arrests in young people.
In June 2020, Edward Lifesciences Corporation (USA) confirmed that they have received Chinese approval for the SAPIEN 3 Trans catheter heart valve for the treatment of patients with severe and symptomatic aortic stenosis (AS) who are not able to undergo open-heart surgery.
In September 2019, Medtronic (USA) Received US Food and Drug Corporation clearance for its Next Generation Evolut PRO+ TAVR System for the Treatment of Symptomatic Severe Aortic Stenosis in Patients. The Evolut PRO+ TAVR System includes four valve sizes with an external pericardial tissue wrap that provides advanced sealing for the largest indicated patient treatment range and the lowest delivery profile currently on the market.
In March 2019, Abbott (USA) Received US Food and Drug Corporation Clearance Anthos Therapeutics for Cardiovascular Drug Development which focused on advancing next-generation targeted therapies for high-risk cardiovascular patients.
In February 2019, Novartis AG and Blackstone’s Life sciences announced the launch of Anthos Therapeutics for the development of cardiovascular drugs. As part of this launch, Novartis has licensed to Anthos MAA868, an antibody directed at Factor XI and XIa, key components of the intrinsic coagulation pathway.
In January 2019, India-based Natco Pharma announced the launch of valsartan sacubitril, a cardiovascular drug that is used to treat congestive heart failure in patients.

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Heart Block Therapeutics Market Report Scope

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Million for Value

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE and Israel

Key Market Segments Covered

Type, Product, End User, Region

Key Segments Covered in Heart Block Therapeutics Market Survey

By Type:

First Degree Heart Blocks
Second Degree Heart Blocks
Third Degree Heart Blocks

By Product:

Transcutaneous pacing (TCP)
Pacemaker
Mediation
Follow-up electrophysiology study

By End User:

Hospital Testing
Home Treatment
Clinics
Others

By Region:

North America
Europe
APAC
MEA
Latin America

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Loader Bucket Attachments Market shares 2022 Assessment and Key Insights Analyzed Till 2029

Increasing safety standards and the need for regular replacement of loader bucket attachments is one of the prime factors contributing to high volume sales. The average service life of a loader bucket attachment market shares is around three to five years, after which, it needs to be replaced or thoroughly serviced. OSHA and others, established by regional governments, creating a market opportunity of more than US$ 1.3 Bn over the forecast period of 2022-2029, are paying further, greater attention to safety standards, such as.

On the back of these factors, the global loader bucket attachments market is projected to register a CAGR of 4.6% through period.

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Key Takeaways of Loader Bucket Attachments Market Study

The rise in infrastructural projects with promising economic growth necessitates manufacturers of heavy-duty off road vehicles to increase efficiency and productivity, creating growth opportunities for players in the loader bucket attachments market.
Prominent players in the loader bucket attachments market are striving to offer an extensive range of attachments and ground engaging tools. Additionally, these companies strive to offer new products in developing regions where end-use industries have registered double digit growth in the past, such as China, India, and Latin America.
Between thumbs and grapples, grapples are estimated to gain more prominence, as they can be used to multitask, which leads to increased productivity in demolition, rock handling, scrap handling, and land clearing applications. Grapples are expected to gradually replace thumbs in the latter half of the forecast period.
Amongst all the loader bucket attachments, ground engaging tools are gaining more acceptance in the loader bucket attachments market, owing to their better productivity.
Cumulatively, the Americas and Europe have a notable installed base of bulk material handling equipment. The need for frequent maintenance due to safety concerns and the resulting volume sales of loader bucket attachments, coupled with growing concerns regarding proper waste handling is expected bolster the growth of the loader bucket attachments market.

“Increasing infrastructural investments, recovering mining industry, and the prevalence of waste management is anticipated to offer abundant opportunities to manufacturers in the loader bucket attachments market, especially in developing countries.”

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Loader Bucket Attachments: Competition Scenario

The loader bucket attachments market is assessed to be a fairly consolidated market space, where players such as Caterpillar, AB Volvo, Komatsu Ltd., JCB, Doosan Corporation, Deere & Company, and CNH Industrial are projected to maintain their supremacy in the market throughout the forecast period.

What’s in it for you?

The global loader bucket attachments market report published by Future Market Insights details an extensive market analysis for the projected period of 2022-2029, based on attachment type and region. The loader bucket attachments market report offers an exhaustive analysis of major attachments employed in bulk material handling systems across various end-use industries, with their regional market dynamics and sales forecast. The study contains information about emerging market opportunities over the forecast period, and also highlights supply trends, key considerations for manufacturers, and other macro and micro factors impacting the growth of the loader bucket attachments market.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

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Immunochemistry Analyzer Market Size to Reach US$ 72.69 Bn by 2032. | New Opportunities Planning by Future Market

Immunochemistry Analyzer Market Overview (2022-2032)

[250 Pages Report] The immunochemistry analyzer market size is expected to register a CAGR of 16% during the forecast period, up from US$ 14.2 Bn in 2021, to reach a valuation of US$ 72.69 Bn by 2032.

The Immunochemistry analyzer market is anticipated to show promising growth prospects during the forecasted period due to increased demand for immunochemistry analyzers to diagnose and identify microorganism-based illnesses.

Sales of immunochemistry analyzers are expected to grow due to the rising demand for immunochemistry analyzers to diagnose and detect microorganism-based illnesses and disorders, together with the increasing requirement for managing and suppressing the incidence of major diseases.

This is driving the expansion of the immunochemistry analyzers market.

Immunochemistry analyzers automatically run tests on samples from patients to detect any number of biologically active substances. Another factor driving the demand for immunochemistry analyzer is its usage in infectious disease testing, cancer, cardiac, and autoimmune diseases.

Some of the critical immunochemistry analyzer market trends promoting the demand for immunochemistry analyzers include the rise in demand for improved diagnostic equipment, as well as the rise in automation and integration trends, has resulted in the creation of novel products, which are likely to provide substantial growth opportunities for the immunochemistry analyzers market from 2022 to 2032.

What are the Growth Propellers to the Immunochemistry Analyzer Market Share?

The increased demand for immunochemistry analyzers to diagnose and identify microorganism-based illnesses is one of the significant reasons likely to drive the growth and demand for immunochemistry analyzers.

Furthermore, the rapid rise in the need for controlling and suppressing the occurrence of significant diseases, as well as the rising demand for immunochemistry analyzers the incidence of chronic disease conditions such as cancer and autoimmune disorders, are expected to drive growth in the global immunochemistry analyzers market from 2022 to 2032.

Similarly, the growing elderly population, quick changes in lifestyle, and increased smoking and drinking habits are expected to drive the immunochemistry analyzer market expansion.

Additionally, the increased demand for automated and portable immunochemistry systems is projected to function as a driver for the immunochemistry analyzer market.

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Which Region holds the Highest Growth Potential in the Immunochemistry Analyzer Market?

North America had the highest revenue share of 38% in the immunochemistry analyzers market, followed by Europe.

The most significant immunochemistry analyzer market share of North America was primarily ascribed to the commercial availability of sophisticated technology items and the high adoption rate of these products. Furthermore, significant players in the country generate revenue for the United States.

From 2022 to 2032, the Asia Pacific region immunochemistry analyzers market is predicted to develop quickly, with a CAGR of 7.0%. Japan is one of the leading countries in terms of technological advancements and the increased use of immunochemistry analyzers for various applications. Furthermore, China is a significant contributor to this immunochemistry analyzers market expansion.

The region’s thriving medical tourism business is likely to stimulate demand for immunochemistry analyzers in countries such as Japan, China, Malaysia, Thailand, and India. The availability of trained labor at a low cost and modern manufacturing infrastructure is causing major pharmaceutical companies to relocate their manufacturing operations to the Asia Pacific area.

As a result, the constantly expanding number of industrial facilities in the area is fueling the growth of the Asia Pacific immunochemistry analyzers market.

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How is the Competitive Landscape in the Immunochemistry Analyzer Market?

The immunochemistry analyzer market is entirely fragmented with leading brands, such as Siemens, Abbott Diagnostics, Beckman Coulter, Ortho Clinical Diagnostics, Thermo Fisher Scientific Inc. and F. Hoffmann-La Roche Ltd.

Thermo Fisher Scientific Inc. bought Mesa Biotech, a private point-of-care molecular diagnostic startup, in February 2021.

Abbott got the CE Mark for their Panbio COVID-19 Ag Rapid Test Device for the asymptomatic detection of the SARS-CoV-2 virus in January 2021. It also has self-swabbing capabilities.

Beckman Coulter, a Danaher (US) business, will offer the first high-quality and throughput test for COVID-19 antigen diagnosis, named Access SARS-CoV-2 Antigen assay, in the US in December 2020.

Thermo Fisher Scientific will introduce its EliA SARS-CoV-2-Sp1 IgG test and OmniPATH COVID-19 Total Antibody ELISA test for the detection of COVID-19 antibodies in October 2020.

Scope of the Report
Details

Growth rate

CAGR of 16% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD Million, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Product, application, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

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Key companies profiled

Siemens, Abbott Diagnostics, Beckman Coulter, Ortho Clinical Diagnostics, Thermo Fisher Scientific Inc. and F. Hoffmann-La Roche Ltd.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Key Segments

By Product Type:

Chemiluminescence Immunoassay
Immunofluorescence Analyzers
Radioimmunoassay
Enzyme-Linked Immunoassay
Consumables and Accessories

By Application:

Therapeutic Drug Monitoring
Oncology
Cardiology
Allergy Testing
AIDS
Endocrinology
Infectious Disease Testing
Autoimmune Disease
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Milk Tank Cooling System Market demand Insights, Deep Analysis of Key Vendor in 2022-2029

According to Future Market Insights (FMI), the Global Milk Tank Cooling System Market demand will increase by 3.2 percent year on year in 2022, reaching a value of approximately US$ 656.7 Mn by the end of 2022. The thriving trend of automated milk tank cooling systems will particularly shape the global milk tank cooling system market, as suggested by a new Future Market Insights (FMI) study. Projected to grow at a moderate CAGR between 2019 and 2029, demand for milk tank cooling systems will reach revenues in excess of US$ 820 Mn by the end of 2029. Growing necessity of raw milk storage for longer continues to push milk tank cooling system sales at a global level.

Consistently increase in demand for continuous refrigeration systems during the perishable food chain transport would remain the key factor bolstering demand for milk tank cooling systems over the following years.

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The demand for milk tank cooling systems is expected to gain significant traction in the coming years, owing increasing number of milk farms and processing plants. Milk tank cooling systems are a vital part of the milk transfer chain as the milk produced needs to be stored with efficient cooling transported to and fro between remote and urban areas. The market is anticipated to witness growth opportunities in the coming years with milk consumption being high in countries such as India, Thailand, Indonesia, and Malaysia.

Key Takeaways – Milk Tank Cooling System Market Study

Milk tank cooling systems play a vital role in the transportation of milk as the time lapse between milk collection and reaching the designated centre could result in milk spoilage.
As a result of the flourishing dairy business, small- and medium-sized milk farms have been incorporated into the business structure of dairy cooperatives and other big farms. This led to fluctuations in milk tank cooling system market, as small- and medium-sized players have slowly been wiped out.
Closed type in milk tank cooling systems is given preference, as these systems are integrated with self-cleaning and automatic temperature maintenance provisions as per the cooling stage. This has slowly led to decline in demand for open end type of milk tank cooling systems, which require manual labour for cleaning and constant supervision.
In terms of capacity, milk tank cooling systems within 1,000 litre capacity are widely used owing to the ease of usage and operation. As compared to the higher capacity tanks, there are less indoor/outdoor placement issues as these require reduced space.

Milk Tank Cooling System Market: Competition Overview

The global milk tank cooling system market is highly competitive, with the presence of large number of small- and medium-sized players actively operating in the global market. Danfoss, GEA Group AG, Paul Mueller, Denso, and Packo Cooling are identified as prominent players in the global milk tank cooling system market. Adoption of automated milk tank cooling systems and association of local milk farms with dairy co-operatives are key growth strategies adopted by market participants.

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Global Milk Tank Cooling System Market by Category

By Application :

Milk Farm
Milk Processing Plant

By Configuration :

Closed end
- Horizontal
- Vertical
Open end

By Capacity :

Less than 1000 L
1000 – 5000 L
5000 – 10000 L
Above 10000 L

By Region :

North America
Latin America
Europe
South Asia
East Asia
MEA
Oceania

What Is Covered in the Report?

The research scope of the global milk tank cooling system market has been primarily bifurcated into three segments: application, configuration and capacity. The study provides an in-depth analysis of market sizing, forecasting, and market share analysis for milk tank cooling system. The report delivers a comprehensive assessment of the important dynamics of the milk tank cooling system market. The scope of the research includes milk tank cooling systems installed in milk farms and milk processing plants.

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Loader Bucket Market Research : Notable Developments & Geographical Outlook 2022 to 2029

The loader bucket market research will reach US$ 3.83 Bn in 2022 and see a promising 4.6% CAGR over the forecast period (2022 – 2029). Consumers are becoming more interested in recycling and waste management as a result of growing environmental concerns.

Initiatives for waste management and recycling are crucial in combating environmental problems. In landfilling and other related processes, material handling equipment is crucial. The successful management of waste is anticipated to result from the combined efforts of the public and private sectors.

Over 2.1 billion tonnes of municipal waste are produced each year and need to be recycled; of these, 468 million tonnes are produced in East Asia and the Pacific.

Thus, the demand for material handling components like loader buckets is increasing as material handling equipment gain traction on a large scale, particularly in privately run industries and at composting sites.

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The market growth would rely directly on the growth pace of the mining and construction industries estimated to be in the range of 3 – 4%, respectively.

Yet, the market is expected to have a notable spur in demand from the waste recycling and management sector. Loader buckets are being increasingly utilized in these industries with demand driven by off-road heavy vehicles that are employed in waste management & recycling, construction, and mining activities.

Loader Bucket Market Key Takeaways

With healthy investments and implementation of construction projects undertaken by public and private sectors, a global material handling equipment fleet and subsequent sales are expected to augment, including the sales of associated accessories and components such as bucket loaders.
According to the United Nations, for sustainable development, Asia Pacific would need about US$ 1.5 Tn spending on infrastructural investment, which is equivalent to 5% of the region’s GDP in 2018.
Observing the trends in the mining sector, it has been inferred that demand for loader buckets is expected to be generated mainly from surface/open pit mining for ferrous minerals and coal, with the Americas and Asia Pacific being major mining hubs.
General purpose buckets are the most recognizable loader buckets as they are capable of accomplishing versatile tasks such as dredging, mining, demolition, excavation, landscaping, landfilling, grading, and heavy lifting in harsh environments. This configuration is estimated to capture almost one-third of the global loader bucket market share.
Since waste management has a strong linkage to many global challenges, the incorporation of waste recycling facilities in many countries such as the U.S., Germany, South Korea, and China has increased, in turn, creating substantial market space for loader buckets.

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The construction and mining sectors at present are the chief employers of bucket loaders. However, the market will witness a significant impetus from the waste management sector shortly.

The loader bucket market is estimated to be a fairly consolidated market, where market players such as Komatsu Ltd., Caterpillar Inc., and Deere & Company are expected to continue witnessing strong sales order inflow and retain their dominance throughout the forecast period.

Brief Synopsis

The construction industry is playing a pivotal role in the loader bucket market and is expected to bag high volume orders of loader buckets in the global market. Though the mining industry is in a recovery phase in Europe, the region is expected to demonstrate moderate growth in the loader bucket market, backed by favourable end-use industry dynamics and increasing concerns about waste management. Manufacturers of loader buckets are aiming to offer low lifecycle costs and durable loader buckets.

What Does the Report Cover?

The global loader bucket market study published by FMI offers an exhaustive analysis for the forecast period of 2022-2029. The loader bucket study details market demand across all the regions and the identified emerging countries.

The research also highlights competition scenarios, demand-supply trends, a key consideration of suppliers, and economic factors influencing the global loader bucket market. Additionally, the study also explains the value chain potential in the global loader bucket market.

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Robotic Grippers Market review Is Anticipated To Nearly Double By 2028, According To Future Market Insights

In 2022, sales in the robotic gripper market review are anticipated to reach US$ 1.6 billion. By 2028, the market is anticipated to grow at a healthy 9.8 percent CAGR and reach US$ 2.8 billion in value.

A new market research study by Future Market Insights on the robotic gripper market contains a global industry analysis 2014-2021 and an opportunity assessment 2022-2028. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2022-2028.

As per the findings of the report, the global robotic gripper market is anticipated to experience substantial growth over the forecast period, due to multiple driving factors such as the use of smart materials for enhanced capabilities and the growing horizon of applications along with an increased number of end-use industries.

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This growth has been significantly driven by an upsurge in the automotive and electronic & semiconductor industry, the introduction of a specific gripper portfolio, and a rise in robotic automation in specific regions such as East Asia.

Owing to the rapid growth of factory automation in East Asia and other nations including Singapore, Malaysia, and more, the demand for robotic grippers is expected to grow at an impressive pace. According to the FMI analysis, the onset of Industry 4.0 is further expected to increase the adoption of robotic grippers in smart factories.

A list of Key Players Covered in the Robotic Gripper Market are:

SCHUNK GmbH & Co. KG
Soft Robotics, Inc.
Piab AB
Applied Robotics
ABB Limited
Grabit Inc.
Yaskawa America, Inc.
J. Schmalz GmbH
Festo AG & Co. KG
Onrobot

Surplus Growing Opportunities in the East Asia Market

Japan is one of the significant countries in robotic automation and is expected to show an upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in China is expected to register a high growth rate in recent years, owing to high labour costs and increased automation. These countries have a major share in the global robotic gripper market, hence East Asia is expected to generate substantial growth opportunities for the robotic gripper market.

Use of Innovative Smart Materials to Surge the Market Growth

The global robotic gripper market has been segmented based on the different types of grippers, multiple jaw types, their multiple operations, different segments of applications, end-use industry and regions such as Americas, EMEA (Europe, Middle East and Africa), SAP (South Asia Pacific) and East Asia.

Robotic gripper technology has been incessantly growing in recent years, consecutively growing the robotic gripper market. The use of smart materials to make more adaptive and flexible grippers is taking place. More advancement is expected to happen in electric and pneumatic grippers which will help the robotic gripper market grow exponentially.
Concerningto application robotic gripper market is expected to show a large growth in the material handling segment as it is prominently used in the end-use industry. Followed by the general assembly segment which is projected to have a fair share in the market growth.
Automotive industry is one of the significant drivers of the robotic gripper market followed by the electronics and semiconductors industry. The availability of a vast gripper range that is application-specific enhances the precision and speed requirement in these industries.

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Robotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. A few examples of key players in the market are Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc., and Brenton Engineering, among others. The global robotic gripper market players are primarily focusing on the development of the product, such as flexible robotic gripper, electrostatic robotic gripper, and vacuum robotic gripper, that can react more and more similar to the human arm and has a wide range of payload capacity for different end-use industries to gain a greater share in the robotic gripper market.

Robotic Gripper Market by Category

By Product Type:

2-Jaw Grippers
Angular & 3-Jaw Grippers
O-Ring Grippers
Needle Grippers
Vacuum Cups
Magnetic Grippers
Special Purpose Grippers
Others (Electrostatic, Bellow, Toggle)

By Application:

Material Handling
General Assembly
Inspection & Others

By End Use:

Automotive & Transportation
Electronics & Semiconductors
Food & Beverages
Chemicals & Pharmaceutical
Logistics
Healthcare
Others

By Region:

Americas
EMEA
South Asia & Pacific
East Asia

Competition Landscape

Leading players present in the robotic gripper market are aiming to conduct research and development activities to come up with unique electric vacuum grippers to cater to the high demand from factories across the globe. With the ongoing development of smart factories and adoption of factory automation, key players are likely to launch highly innovative products to ensure a reliable pick-and-place operation at the workplace. Meanwhile, some of the other manufacturers are planning to invest huge sums in the establishment of robust distribution networks to compete in the market.

For instance,

In January 2022, researchers at Biomimetics and Dextrous Manipulation Lab at Stanford University created a robotic hand named farmHand. It is capable of handling various items, such as angle grinders, raw eggs, basketballs, jugs of liquids, plates, and even bunches of grapes. It is equipped with multi-jointed fingers that resemble a human hand and these are topped with gecko-inspired adhesives.
In December 2021, engineers at the National University of Singapore (NUS) developed a reconfigurable hybrid robotics system called Soft Touch inspired by the human hand. This robot hand gripper can manipulate and grip a range of different objects from delicate, soft, and small things to bulky, heavy, and large ones. This development would help those industries that rely on the dexterity of human beings, including fast-moving consumer goods packaging, vertical farming, and food assembly.

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